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FridayMay 29, 2020 12:06 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Featured in Global Small Cap Research Report

Sugarmade (OTCQB: SGMD) was recently the subject of a report conducted by Global Small Cap Research (http://cnw.fm/W1a82). An article discussing the report reads, “Outlining what it called a ‘near-perfect business world’ for cannabis delivery operators, the report made a strong case by observing that ‘Sugamade is enjoying participation in a rapidly growing market. . . . Few if any, marketplaces are growing faster than cannabis — and the California market is the epicenter of growth.’ The report stated that during 2019, the cannabis market produced approximately $100 billion in U.S sales, with growth projected to top 32% compounded annually over the…

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FridayMay 29, 2020 11:22 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces AGM 2020 Results, Election of New Director

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) on Thursday announced the election of each of the seven individuals nominated as a director of VIVO at the company's Annual General and Special Meeting of Shareholders held on May 28, 2020. According to the update, VIVO management nominated each of the existing directors, together with new nominee, Christie Henderson, for election at the meeting. Henderson is the managing partner and CEO of Henderson Partners LLP, a firm of chartered professional accountants and advisors, as well as a certified corporate director (“ICD.D”). She has more than 20 years of experience with consumer products, retail,…

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FridayMay 29, 2020 11:06 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Reports Financial Results for Q1 2020

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products company in the U.S., on Thursday released its unaudited financial and operational results for the three months ended March 31, 2020, expressed in U.S. dollars. Among other highlights, the company reported an increase in net revenues to $4.7 million in Q1 2020, representing a 46% year-over-year growth as compared to Q1 2019, as well as a 36% quarter-over-quarter growth as compared to Q4 2019. “The start of this year came with a number of difficult decisions that were made in order to accelerate our path to cash flow generation,” Jake…

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FridayMay 29, 2020 10:09 am

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Announces Voluntary Share Lock-Up, Engagement of Gold Standard Media for Marketing and Consulting Services

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, today announced that certain shareholders have agreed to a voluntary resale restriction period covering 17,840,000 common shares extending the period of time before the shares become free trading to July 15, 2020. According to the update, these shares were previously only subject to a statutory hold period. In addition, Champignon Brands also announced its engagement of Gold Standard Media, LLC (“GSM”) to provide marketing and consulting services to raise public awareness of the company, with a specific emphasis on…

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ThursdayMay 28, 2020 1:57 pm

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Sales from Latest Harvest at Strong 11% Premium to Current Industry Benchmarks

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that recent sales from its latest harvest have earned unit pricing at a strong 11% premium to current industry standard benchmarks for cannabis sales on a per pound basis. According to CannabisBenchmarks.com, U.S. cannabis sales currently average roughly $1,525 per pound. From six months ago to now, Cannabis Strategic Ventures has transitioned from selling at a discount to now selling at a premium relative to benchmark levels, with pricing of recent sales at approximately $1,700 per pound. “We have seen a steady improvement in per…

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ThursdayMay 28, 2020 11:07 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Implements Changes as Part of Strategic and Operational Review of Business

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced a series of operational changes designed to optimize its organizational structure, streamline operations, and preserve and maximize cash-on-hand. According to the update, the company, as part of its strategic and operational review of the business, is implementing changes including a material reduction in the company's operating cash outflows; a focus on generating positive cash flow; and a focus on maximizing returns on existing assets. In addition, the company today reaffirmed its intention, under its previously announced normal course issuer bid (the “NCIB”), to repurchase subordinated…

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WednesdayMay 27, 2020 11:12 am

CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) Begins Distribution of Unique THC-V Coffee and Tea Products

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today announced that it has completed product development and has begun distribution of its unique tetrahydrocannabivarin (“THC-V”) coffee and tea products to product beta testers. According to the update, the company has integrated three internally developed technologies into the unique manufacturing process for the industry's first THC-V beverages. Pending full release of the products, Cannabis Global has implemented a 30-Day beta testing period, during which production for general release will continue. “Our unique infusion and production technologies provide Cannabis Global with a product purity…

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WednesdayMay 27, 2020 10:19 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Q1 2020 Results, Remains on Track to Reach Milestone

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Tuesday announced its financial results for the first quarter of 2020 ended March 31, 2020. Among the highlights, the company reported a 27% year-over-year increase in revenue to $3.06 million and indicated that it is on track to reach its operational cash flow positive milestone. “I am proud of the resilience demonstrated by everyone on the team in the face of the global pandemic. With safety as our top priority, we have quickly adapted our processes, allowing our operations to continue running smoothly…

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WednesdayMay 27, 2020 9:26 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Release Q1 2020 Results, Host Conference Call on May 28

Plus Products (CSE: PLUS) (OTCQX: PLPRF) on Tuesday announced that, following market close on Thursday, May 28, the company will report its financial and operational results for the three months ended March 31, 2020. The company will also be hosting a conference call and webcast to discuss the financial results, as well as recent corporate highlights, on May 28 at 5:00 PM ET. At the end of the call, Plus Products co-founder and CEO Jake Heimark and CFO Jon Paul will be conducting a question and answer session. To join the call, dial (866) 220-4156 for the toll-free line or…

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TuesdayMay 26, 2020 11:40 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Attributes Majority of 300% Revenue Growth to Direct Solar Acquisition, Q4 Projects

SinglePoint (OTCQB: SING) today announced the filing of its quarterly financials for the period ending March 31, 2020. According to the update, the company reported total sales of $1,075,222, representing a 300% increase compared to the same period in 2019. SinglePoint attributes the majority of the revenue to the acquisition of Direct Solar America and the backlog of projects developed throughout Q4. “Direct Solar America and our consumer product 1606 Original Hemp are both gaining traction and revenue growth," Greg Lambrecht, CEO and chairman of SinglePoint, stated in the news release. “We continue to analyze and to take actions to…

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